- For Sale $6,500,000
- Property Type Retail - Street Retail
- Property Size 9,255 SF
- Units 2
- Lot Size 0.45 Acre
- Property Tenancy Multi-Tenant
- Year Built 1954
- Date Updated Sep 21, 2026
Description
The site sits mid-block between major thoroughfares Melrose Avenue and Santa Monica Boulevard and boasts excellent visibility along Vine Street. It has an outstanding WalkScore of 93 out of 100, is proximate to the Hollywood/Vine Metro station and one mile from the 101 Freeway. The property is near local entertainment/media/studio employers and an abundance of shopping, galleries, dining, nightlife and entertainment amenities.A rare covered land opportunity in the heart of Hollywood offering existing cash flow, flexible commercial and residential zoning, and a layered housing incentive profile. Positioned within one of Los Angeles’ premier entertainment and employment districts, the Property offers multiple redevelopment strategies supported by transit access, walkability, and long-term neighborhood growth. Adjacent parcel available. Contact us directly for details.
Highlights
- Covered Land Opportunity Existing tenancy provides cash flow during entitlement and redevelopment.
- Entertainment Employment Hub Near major studios, production facilities, and creative employers.
- Flexible Zoning Commercial, residential, and mixed-use development potential.
- Housing Incentive Stack TOC Tier 3 / Tier 2, MIIP, ED1, AB 2097, AB 2334, and HQTC.
- Premier Hollywood Address Central location near Hollywood, Larchmont, West Hollywood, and DTLA.
- Retail & Dining Destination Surrounded by restaurants, cafs, galleries, and neighborhood retail.
- Tax & Economic Incentives Qualified Opportunity Zone and ZI-2374 State Enterprise Zone.
- Transit-Oriented Located within a High-Quality Transit Corridor.
- Walkable Location Walk Score 93 with exceptional neighborhood amenities.
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Contacts
Jesse Munoz
Los Angeles - Investment Services Group
Location
Located at 848 Vine Street, Los Angeles, CA 90038, this property is part of the Hollywood neighborhood and Los Angeles market.
Contact Listing Broker
Jesse Munoz
Los Angeles - Investment Services Group